During 2021, Vaughn Manufacturing had the following activities related to its financial operations:

Carrying value of convertible preferred stock in Vaughn, converted into common shares of Vaughn $534000

Payment in 2021 of cash dividend declared in 2020 to preferred shareholders

285000

Payment for the early retirement of long-term bonds payable (carrying amount $3934000)

3979000

Proceeds from the sale of treasury stock (on books at cost of $394000)

457000

The amount of net cash used in financing activities to appear in Vaughn's statement of cash flows for 2021 should be

$3825000.

$2988000.

$3273000.

$3807000.